Current Liabilities
Income Taxes Payable
Medtronic Income Taxes Payable remained flat by 0.0% to $650M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 42.2%, from $1.13B to $650M. Over 5 years (FY 2020 to FY 2025), Income Taxes Payable shows an upward trend with a 10.0% CAGR.
Analysis
StatementBalance Sheet Statement
SectionCurrent Liabilities
CategoryRisk
SignalContext dependent
VolatilityModerate
First reportedQ1 2015
Last reportedQ4 2025Feb 24, 2026
How to read this metric
An increase typically reflects higher taxable income or timing differences in tax payments.
Detailed definition
The current tax liability owed to government authorities based on taxable income generated during the period. It represe...
Peer comparison
Standard across all corporations; levels depend on jurisdictional tax rates and timing of tax installments.
Metric ID:
income_taxes_payableHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $341M | $467M | $383M | $704M | $549M | $651M | $657M | $840M | $1.01B | $1.09B | $1.11B | $1.33B | $1.06B | $947M | $1.13B | $1.36B | $933M | $650M | $650M |
| QoQ Change | — | +37.0% | -18.0% | +83.8% | -22.0% | +18.6% | +0.9% | +27.9% | +20.6% | +7.4% | +1.9% | +19.9% | -20.1% | -10.9% | +18.8% | +20.7% | -31.3% | -30.3% | +0.0% |
| YoY Change | — | — | — | — | +61.0% | +39.4% | +71.5% | +19.3% | +84.5% | +67.1% | +68.8% | +58.3% | +4.9% | -13.0% | +1.4% | +2.1% | -12.2% | -31.4% | -42.2% |
Range$341M – $1.36B
CAGR+15.4%
Avg YoY Growth+25.3%
Median YoY Growth+19.3%
Income Taxes Payable at Other Companies
Frequently Asked Questions
- What is Medtronic's income taxes payable?
- Medtronic (MDT) reported income taxes payable of $650M in Q4 2025.
- How has Medtronic's income taxes payable changed year-over-year?
- Medtronic's income taxes payable decreased by 42.2% year-over-year, from $1.13B to $650M.
- What is the long-term trend for Medtronic's income taxes payable?
- Over 5 years (2020 to 2025), Medtronic's income taxes payable has grown at a 10.0% compound annual growth rate (CAGR), from $403M to $650M.
- What does income taxes payable mean?
- The amount of income tax the company owes to tax authorities for the current period.